Keyword: energy

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  • Santee Cooper to Close Conway (SC) Plant

    10/20/2012 7:21:00 AM PDT · by hcmama · 22 replies
    The Sun News ^ | October 20, 2012 | Steve Jones
    CONWAY -- The board of directors of Santee Cooper decided Friday that the company will not reopen its Grainger generating plant in Conway. The plant was one of two directors decided to permanently close because of the cost the company would face to make them compliant with the Environmental Protection Agency’s new Mercury and Air Toxins Standard for air emissions. The other facility slated to close was the Jefferies coal and oil generating units in Moncks Corner. That plant’s hydroelectric generating station will continue to operate. Read more here: http://www.myrtlebeachonline.com/2012/10/19/3123526/santee-cooper-to-close-conway.html#storylink=cpy
  • Alex 'Butcher' Salmond has destroyed Scotland [windfarms]

    10/20/2012 6:28:13 AM PDT · by Cincinatus' Wife · 25 replies
    Telegraph - UK ^ | October 20, 2012 | James Delingpole
    Today is the Scottish National Party conference in Perth. At some stage, SNP leader Alex Salmond will no doubt be crowing, as he is wont to do, about his success in transforming Scotland into the "Saudi Arabia of renewables". This is inaccurate. What he has actually done is transform Scotland into the Saudi Arabia of tourism, which is to say he has turned a once-beautiful country into a vast, inhospitable desert which no one in their right mind would want to visit. Scotland's landscape was, until recently, one of the great glories of our national heritage. What made it so...
  • The French Great Socialist Revolution Will Be Homework-Free, And Very, Very Cold

    10/19/2012 9:09:17 AM PDT · by Snuph · 9 replies
    Zerohedge ^ | 10/19/2012 | Tyler Durden
    Whereas some may have welcomed the latest development in the Great French Socialist Revolution chronicles, primarily those 8-16 year olds who would directly benefit from president Francois Hollande's attempt to capture the vote of those still ineligible to actually vote, by promising to do away with homework (because it encourages "inequality" as homework apparently "favors the wealthy"), everyone else saw right through it for the sad attempt at populism it was. Luckily, the impact of this idiotic policy, if it were to actually pass, would not be visible for at least a decade at which point French society would be...
  • Greece Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

    10/19/2012 7:17:29 AM PDT · by SeekAndFind · 16 replies
    The Economic Collapse Blog ^ | 10/19/2012 | Michael Snyder
    Tweet It turns out that the poster child for the European debt crisis is not actually poor at all. In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas. If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems. Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016. In addition, Greece...
  • Obama's Economic Spin: A New Pony or Manure?

    10/19/2012 4:49:34 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 19, 2012 | Jonah Goldberg
    It was arguably Ronald Reagan's favorite joke. In one version, two kids -- one an optimist, the other a pessimist -- rush downstairs on Christmas morning. The pessimistic kid gets a new bike and weeps that he'll probably break it soon. The optimistic kid is presented with an enormous pile of manure and squeals with delight: "There's got to be a pony in here somewhere!" In fact, the joke took on a life of its own in the Reagan White House. Whenever bad news came in, someone would remark, "There's got to be a pony in there somewhere." Barack Obama,...
  • Three Ways Obama Hides His War on Affordable Energy

    10/18/2012 1:30:24 PM PDT · by 92nina · 6 replies
    ATR ^ | 2012-10-17 | Christopher Prandoni
    During Tuesday’s presidential debate, President Obama dedicated a substantial amount of time arguing that he, in fact, is a huge advocate of traditional energy – coal, natural gas, and oil. In reality, during the past four years Americans have watched gasoline prices double, the Keystone Pipeline needlessly killed, and the phasing out of coal-fired electricity. While these industries employ millions of Americans, the implications of Obama’s policies affect every American energy consumer. With fewer offshore lease sales, Obama’s has all but assured higher prices at the pump. With less coal being converted into power, Obama has all but assured higher...
  • Obama Washington Wink-Winking like crazy at EPA

    10/19/2012 12:19:46 AM PDT · by Cincinatus' Wife · 13 replies
    The Washington Examiner ^ | October 19, 2012 | Mark Tapscott, Executive Editor
    President Obama is among the slickest practitioners ever of the Washington Wink-Wink -- what professional politicians in both parties do when they say one thing while planning to do something else entirely. There was, for example, Obama's 2008 campaign promise to "cut the federal deficit in half." And that "net federal spending cut" he would achieve by the end of his first term? Anybody think he didn't know then that his first term would explode the deficit and spending to historic highs? Sen. Jim Inhofe, R-Okla., the ranking minority member of the Senate Environment and Public Works Committee, sees more...
  • British Engineers Produce Amazing 'Petrol From Air' Technology

    10/18/2012 8:36:34 PM PDT · by Steelfish · 56 replies
    Telegraph(UK) ^ | October 18, 2012 | Andrew Hough
    British Engineers Produce Amazing 'Petrol From Air' Technology Revolutionary new technology that produces “petrol from air” is being produced by a British firm, it emerged tonight. Andrew Hough 18 Oct 2012 A small company in the north of England has developed the “air capture” technology to create synthetic petrol using only air and electricity. Experts tonight hailed the astonishing breakthrough as a potential “game-changer” in the battle against climate change and a saviour for the world’s energy crisis. The technology, presented to a London engineering conference this week, removes carbon dioxide from the atmosphere. The “petrol from air” technology involves...
  • Er, no, Obama didn’t win the debate last night

    10/18/2012 8:46:44 PM PDT · by Ernest_at_the_Beach · 4 replies
    Hot Air ^ | 8:41 pm on October 17, 2012 | J.E. Dyer
    We’ve reached a watershed here, where we either live in our own heads affirming reality, regardless of spurious inputs from demagoguery or sentiment, or we give up on reality and let demagoguery and sentiment take over at the decision table.  Did the president pull off a performance last night, in terms of sounding passionate and full of conviction?  To some extent, yes.  Does that mean he won the debate, or even achieved a draw with Romney?  No. The mainstream media immediately launched a volley of positive soundbites about the president’s performance, but frankly, they were going to do that anyway. ...
  • Ethanol exports rise as U.S. hits blend wall

    10/18/2012 12:10:19 PM PDT · by thackney · 9 replies
    Fuel Fix ^ | October 18, 2012 | Simone Sebastian
    Ethanol consumption in the United States stagnated last year at about 12.9 billion gallons, making up about 9.6 percent of the fuel at U.S. gas pumps, according to a report from the U.S. Energy Information Administration. Meanwhile exports have been on the rise, nearly tripling to 1.2 billion gallons from 2010 to 2011. The domestic ethanol market has been nearing the 10 percent blend wall, which was the maximum amount of ethanol approved for use in cars and light trucks. In a controversial move earlier this year, the EPA approved a 15 percent blend of ethanol in gasoline in vehicles...
  • Lies, Damned Lies, And Obama's Phony Energy Statistics

    10/18/2012 10:02:45 AM PDT · by raptor22 · 5 replies
    Energy Policy: Leases and production are down on federal lands, the EPA is waging war on coal, and as for building enough pipelines to encircle the earth, we'd settle for just one from Canada to the Gulf. When President Obama, in responding Tuesday to Mitt Romney's chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to "encircle the Earth and then some," we felt a perfect response from Romney would have been, "You didn't build that." In fact, energy companies have built some 55,000 miles of pipeline, including...
  • Lies, Damned Lies, And Obama's Energy Statistics

    10/17/2012 4:17:16 PM PDT · by raptor22 · 5 replies
    IBD EDITORIALS ^ | October 17, 2012
    Energy Policy: Leases and production are down on federal lands, the EPA is waging war on coal, and as for building enough pipelines to encircle the earth, we'd settle for just one from Canada to the Gulf. When President Obama, in responding Tuesday to Mitt Romney's chiding about failing to approve the Keystone XL pipeline, claimed that his administration has added enough new oil and gas pipelines to "encircle the Earth and then some," we felt a perfect response from Romney would have been, "You didn't build that." In fact, energy companies have built some 55,000 miles of pipeline, including...
  • An Update on West Coast Gasoline Markets

    10/17/2012 1:49:05 PM PDT · by thackney · 6 replies
    Energy Information Administration ^ | Oct 17, 2012 | Energy Information Administration
    On Monday, October 8, the average retail price of regular gasoline in California reached $4.66 per gallon, driving the West Coast average price to $4.41 per gallon, the highest weekly price since the summer of 2008. The sharp price increase came after a combination of refinery and logistical problems stressed a market that had been operating with persistently low inventories throughout much of 2012. The higher prices last week were limited geographically to California, and wholesale prices have already declined sharply following a waiver from the Governor of California that allowed an early switch to winter-grade fuel and as disrupted...
  • DANISH WIND TURBINE COMPANY THAT RECEIVED OVER $50 MILLION IN STIMULUS LAYS OFF 800 WORKERS

    10/13/2012 11:03:50 AM PDT · by Snuph · 11 replies
    Breitbart ^ | 13 Oct 2012 | Tony Lee
    A Danish wind turbine company whose subsidiaries received over $50 million in U.S. stimulus dollars announced on Friday it has cut more than 800 jobs in the United States and Canada this year and may be forced to lay off another 800 employees in North America. This is yet another green energy company that received wasteful stimulus funds and does not even have anything to show for it. According to Reuters, Vestas, the wind turbine maker, saw its order intake go down by 24 percent during the first half of the year.
  • Gas Prices Doubled, Obama Locks Up Alaska's National Petroleum Reserve

    10/17/2012 11:07:58 AM PDT · by raptor22 · 4 replies
    Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...
  • Video: Luntz focus group unloads on Obama after debate

    10/17/2012 8:20:54 AM PDT · by Ernest_at_the_Beach · 60 replies
    Hot Air ^ | 8:41 am on October 17, 2012 | Ed Morrissey
    In my estimation, last night’s debate was a draw. Both men did what they needed to do for the debate, but neither had enough of a breakout performance to make much of a difference in the race. I’d expect to see very little impact to the Mitt-mentum that developed after the first debate, for reasons which I’ll address in a moment.That wasn’t the conclusion reached by Frank Luntz’ focus group of former Barack Obama voters, and now undecideds, in Nevada. That panel overwhelmingly chose Mitt Romney as the winner, with observations about Romney’s presidential mien and Obama’s defensiveness and lack...
  • Post debate Obama lies will haunt him

    10/17/2012 6:34:17 AM PDT · by shoedog · 7 replies
    Debate | 10/17/2013 | Self
    The debate itself was probably a draw , mainly because Crowley killed the Libya momentum. However Obama is the one who left the lines out there that will keep giving Romney talking points. The gas price logic may be the stupidest line ever. Romney did still miss the op last night but can go back to it now, why was Rice sent out to lie to the American people. Energy, lower wages foe women in White House , Etc. As Cousin Eddy said in Christmas Vacation about the Jelly of the month club, "the gift that keeps giving all year...
  • Gas Prices Doubled, Obama Locks Up National Reserve

    10/16/2012 4:11:45 PM PDT · by raptor22 · 6 replies
    IBD EDITORIALS ^ | October 16, 2016
    Energy Policy: As the administration fast-tracks solar projects on public lands, it has locked up more than half of the National Petroleum Reserve in Alaska, preferring to continue outsourcing energy jobs and dollars. The price of gasoline, which was $1.84 a gallon the day President Obama took office, has more than doubled since, willfully aided and abetted by an administration that claims we can't drill our way to energy independence as we ignore vast reserves of North American energy that dwarf OPEC's and we sit on 100 years' supply of petroleum. Few Americans have heard of the National Petroleum Reserve-Alaska...
  • Battery builder A123 Systems that won $249 million federal grant files for bankruptcy

    10/16/2012 3:34:52 PM PDT · by Dallas59 · 19 replies
    Yahoo News ^ | 10/16/2012 | Yahoo News
    No company has embodied Washington's hope for an American-built electric vehicle business like A123 Systems. The Massachusetts-based company was supposed to become the leading home-grown supplier of lithium-ion batteries for automakers in the United States and around the world -- fueled in part by a $249 million grant from the Obama administration. Today, A123 Systems filed for bankruptcy, saying much of its assets would be sold after losing $857 million over the past several years. Here's why it failed. That photo above comes from an April 2010 speech in the Rose Garden of the White House, where President Barack Obama...
  • Pickens: How will Barack Obama and Mitt Romney get us off foreign oil?

    10/16/2012 10:43:26 AM PDT · by shove_it · 13 replies
    Newsday ^ | 14 Oct 2012 | T. BOONE PICKENS
    ...For 44 years we have been promised energy independence. During that time we've transitioned from being the world's energy superpower to the world's energy police. Seventeen million barrels of oil flow through the Strait of Hormuz every day. The United States gets only 2 million-plus of that. With the U.S. Navy's presence there, we shoulder 100 percent of the cost for 13 percent of the oil. We have the cheapest energy in the world. We should produce more of our own abundant resources and rebuild our economy on the back of that energy. Advances in horizontal drilling and hydrofracking leave...
  • [Green] Government Love for Failing A123 Systems Was Unconditional [elec car battery company]

    10/16/2012 6:53:27 AM PDT · by Cincinatus' Wife · 9 replies
    National Legal and Policy Center ^ | October 15, 2012 | Paul Chesser
    As stimulus-funded ($249 million-plus) A123 Systems sees its stock price drop back near its all-time low and waits for a Chinese rescue, two Republican senators want answers about whether taxpayer dollars are again funding jobs and technology that will be transferred overseas. Iowa Sen. Charles Grassley, the ranking minority member on the Judiciary Committee, and South Dakota Sen. John Thune queried A123 CEO David Vieau about the logistics of a proposed sale to China-based Wanxiang Group Corp. In August, just as the company reported another $82.9 million in second-quarter losses, a deal was announced in which Wanxiang would deliver $75...
  • Liberals’ green-energy contradictions

    10/16/2012 12:59:33 AM PDT · by Cincinatus' Wife · 3 replies
    Washington Post ^ | October 15, 2012 | Charles Lane
    Al Gore is about 50 times richer than he was when he left the vice presidency in 2001. According to an Oct. 11 report by The Post’s Carol D. Leonnig, Gore accumulated a Romneyesque $100 million partly through investing in alternative-energy firms subsidized by the Obama administration. Two days after that story ran, Mitt Romney proclaimed at a rally in Ohio’s Appalachian coal country: “We have a lot of coal; we are going to use it. We are going to keep those jobs.” Thousands cheered. The juxtaposition speaks volumes about the Democratic Party, and about modern liberalism generally. As the Democrats...
  • Obama’s Interior Dept. Bans Drilling on 11.5 Million Acres of ‘Petroleum Reserve’ in Alaska

    10/15/2012 8:06:17 PM PDT · by Kolath · 28 replies
    Conservatives4Palin ^ | 10/15/2012 | Stacy Drake
    Earlier today, Governor Palin retweeted Jedediah Bila concerning this stunning move by the Obama administration to cut off 11.5 acres of domestic energy production in Alaska
  • Forget Wimpy Plans and NIMBYs, Let's Solve the Energy Crisis by Blowing Up Mercury

    10/15/2012 6:43:50 PM PDT · by LibWhacker · 9 replies
    Motherboard ^ | 4/4/12 | Dr. Derek Mead
    Forget Wimpy Plans and NIMBYs, Let's Solve the Energy Crisis by Blowing Up Mercury Posted by Derek_Mead on Wednesday, Apr 04, 2012 Save this post NextPrev Add This With all the squabbling about oil killing us all, climate change screwing with polar bears, nuclear plants falling apart, solar panels sucking on a cloudy day, and wind turbines scything through migratory birds with a gory violence best explained by an Omega Crom song, there’s a big point that all the complainers in the energy debate are ignoring: These days, we are being huge wimps. Millennia ago us humans were building...
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 10 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Miners Accuse Team Obama of Lying in Ads

    10/15/2012 12:58:50 PM PDT · by Cincinatus' Wife · 8 replies
    National Review Online ^ | October 15, 2012 | Greg Pollowitz
    Back in August, the Left went bonkers over a story alleging that coal miners were forced by their employer to protest against President Obama. At the time,HuffPo, MotherJones,etc. all ran with that version of events. Well,the miners have responded. Five hundred of them have written to the president asking him to stop lying in his campaign ads. Via The Intelligencer/Wheeling News-Register: BEALLSVILLE – Coal miners at the American Energy Corp. Century Mine said they want President Barack Obama to stop what they term “the war on coal”–and to stop spreading “mistruths” about them. Miners gathered Friday afternoon to express their...
  • With Gas Prices at Record Levels Obama Cuts Off Drilling

    10/15/2012 10:02:13 AM PDT · by radioone · 11 replies
    Gateway Pundit ^ | 10-15-12 | Jim Hoft
    Gas prices have more than doubled since Barack Obama took over the White House. But that didn’t stop him from cutting off drilling in August in half of Alaska’s National Petroleum Reserve. The Obama Administration planned for higher gas prices and fewer jobs through their many job-killing decisions. The Wall Street Journal reported, via FOX Nation: President Obama is campaigning as a champion of the oil and gas boom he’s had nothing to do with, and even as his regulators try to stifle it. The latest example is the Interior Department’s little-noticed August decision to close off from drilling nearly...
  • Unlocking the Future: North Dakota’s Energy Boom

    10/14/2012 2:27:27 PM PDT · by Kassandra · 3 replies
    True Capitalism ^ | 10.14.12 | Kassandra Kuehl
    The topic of oil is an old one, but is becoming more popular in conversations in Congress and across the U.S. It is virtually impossible to read articles about the state of the economy and not hear about oil, jobs, energy, and North Dakota. Oil producing states are featured in the news because of their positive growth in jobs and revenue. Through oil and energy production, states like North Dakota and Texas lead the nation in job creation and fiscal security. When I first started learning about the potential of our nation’s oil revenue and job creation through oil production,...
  • My open letter to Congressman Devin Nunes

    10/14/2012 2:00:18 AM PDT · by pansgold · 65 replies
    X / XIV / MMXII | pansgold
    TO THE HONORABLE CONGRESSMAN DEVIN NUNES Sunday, October 14, 2012 Dear Sir, As your constituent and as a registered voting Republican I am sending you this letter to confirm the telephone call I made to your Washington D.C. office last week. I expressed concern and even anger at the high price of gasoline and demanded that the congress in the interest of national security, nationalize all oil refining in the United States and use Army reservists to take-over and run them. Refining should be under the direct control of the government and in particular, the Army Corp of Engineers. The...
  • Coal miners ask Obama to stop ‘absolute lies’ ( Ohio )

    10/13/2012 11:12:57 PM PDT · by george76 · 24 replies
    The Herald-Star ^ | October 13, 2012 | CASEY JUNKINS
    Coal miners at the American Energy Corp. Century Mine said they want President Barack Obama to stop what they term “the war on coal” – and to stop spreading “mistruths” about them. Miners gathered Friday afternoon to express their opposition to Obama’s energy and environmental policies, which they believe threaten their jobs. Miner Mitch Miracle read aloud a letter the miners mailed to Obama that outlines some of their concerns. The miners said Obama’s campaign team is running ads filled with “blatantly false” statements about the miners regarding their participation in Republican presidential candidate Mitt Romney’s August campaign stop at...
  • OBAMA HAS TAXPAYERS FUNDING GRADUATE PROGRAMS IN UGANDA

    10/13/2012 6:50:34 PM PDT · by Snuph · 16 replies
    WND ^ | 10/13/2012 | STEVE PEACOCK
    The Obama administration wants U.S. taxpayers to finance the creation of energy-management doctorate and master’s degree programs at a university in the East African nation of Uganda. Obama, through the U.S. Agency for International Development, wants to help “current and future Ugandan professionals” and others to develop expertise “in sound environmental management and biodiversity conservation in relation to oil and gas development.” Ads by Google Under US$1000 Used cars. Japanese Cars for Sale. Various Japanese used cars here. www.tradecarview.com Win a 2 lb. Silver Coin Valued at More Than $1,200, This 99% Pure Silver Coin Can Be Yours! IndependentLivingBullion.com Before...
  • SolarCity — Another Obama Scandal

    10/12/2012 1:51:43 PM PDT · by Cincinatus' Wife · 6 replies
    Western Journalism ^ | October 12, 2012 | Jack Inglewood
    SolarCity (SCTY), another “green energy” company and recipient of millions of dollars of taxpayer funds, in under investigation by the Internal Revenue Service (IRS), sources reveal. The company, which recently filed for its initial IPO, has disclosed that it received subpoenas in July from the U.S. Treasury Department. The Treasury Department is investigating whether companies overstated the market value of solar panel arrays they installed when claiming the 30% federal cash grant. The IRS also notified SolarCity that it is auditing two of its investment funds and reviewing the claimed value of solar systems submitted to receive the federal cash...
  • Reminder: Oil and gas production just keep falling under President Obama

    10/12/2012 2:55:25 PM PDT · by Kaslin · 8 replies
    Hot Air.com ^ | October 12, 2012 | ERIKA JOHNON
    President Obama certainly knows how to talk a good game when it comes to energy policy; to the low-information layman, “all of the above” sounds like a superficially excellent plan. Work on green energy development, but keep the traditional fuel production comin’ — it’s the best of both worlds, right? Except that that’s not what the Obama administration has done at all. While the feds have poured billions upon billions of taxpayer dollars into picking economic winners and losers in the clean-energy field, Obama’s EPA/Energy/Interior team have waged a regulatory war on the coal industry and only allowed for relatively...
  • What's holding back energy innovation?

    10/12/2012 4:40:46 AM PDT · by Cincinatus' Wife · 20 replies
    Wall Street Journal ^ | March 26, 2012 | Dean Kamen, Elon Musk and J. Craig Venter
    ......“MR. MUSK: The ideal thing to do would be to tax CO2. But taxes are difficult to implement. So, we’re doing an indirect thing, which is to subsidize electric cars to some degree, and other sort of renewables.”
  • Guess which industry is fueling the biggest jump in U.S. wages since 2007?

    10/11/2012 1:31:36 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 10/11/2012 | Erika Johnsen
    If you guessed "renewable energy," you'd be wrong ... so wrong. Sure, the green-energy industry may have created some 28,000-odd jobs (a very far cry from the 5 million we were promised, cough cough), but it's important to remember that even those few "successfully" created green jobs are not necessarily productive jobs.The green-energy industry is only as big as it is because it's on the receiving end of a whole heap of different types of subsidies, from tax credits to loan guarantees to direct payments, and subsidies are always and necessarily designed to distort free-market signals. All the money poured...
  • IRS says ‘tax avoidance’ at heart of Solyndra bankruptcy plan

    10/10/2012 4:49:21 PM PDT · by Oldeconomybuyer · 16 replies
    Washington Times ^ | October 10, 2012 | By Jim McElhatton
    The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. “The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading. What’s more, government attorneys said that as far back as 2010, owners had “planned meticulously” to be able to use Solyndra’s net operating losses to offset future tax liabilities. “The only reason for the shell corporation to exist post-confirmation is to enable its...
  • Michigan Agency Removes Video of Obama, Top Dems Praising Failed Battery Company

    10/10/2012 9:00:35 AM PDT · by MichCapCon · 15 replies
    Michigan Capitol Confidential ^ | 10/10/2012 | Jarrett Skorup
    In the fall of 2010, the Michigan Economic Development Corp. — the state's "corporate welfare” arm — uploaded a video to YouTube highlighting the battery manufacturer A123 Systems. At the time, the company was promoted heavily by President Barack Obama, U.S. Secretary of Energy Steven Chu, former Michigan Gov. Jennifer Granholm and U.S. Sens. Carl Levin and Debbie Stabenow. Since then, A123 has shed money, laid off half its workforce, recalled products and seen its stock price plummet to about 26 cents this week from a previous high of $26. Now, just two years after the initial roll-out, A123 is...
  • Ireland 'close to oil billions'

    10/10/2012 6:53:18 AM PDT · by Red Badger · 17 replies
    BBC ^ | 10-10-12 | Andy Martin
    Ireland is on the verge of securing revenue from oil that could run into billions of pounds. Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil. The money generated will depend on the market value at the time of extraction and on licensing arrangements. Providence chief executive Tony O'Reilly Jr said this was the beginning of an Irish oil industry. He described it as a huge success story, following decades of exploration around the Irish coast. "The great news today is that Barryroe is...
  • Iraq oil output to double by 2020: IEA

    10/09/2012 11:20:42 AM PDT · by Brad from Tennessee · 21 replies
    CNN money ^ | Oct. 9, 2012 | By Mark Thompson
    LONDON (CNNMoney) -- Iraqi oil production could double by the end of this decade, putting the country on track to become the second-biggest supplier to world markets after Saudi Arabia by the 2030s, the International Energy Agency said Tuesday. Production could reach 6.1 million barrels per day by 2020, up from the current output of around 3 million barrels a day, and top more than 8 million barrels by 2035, the Paris-based agency said in a special edition of its World Energy Outlook. Iraq's ability to increase exports will have a major impact on world markets. . .
  • Ryan says Romney will approve pipeline on Day One, tells Ohio crowd it will create jobs

    10/09/2012 4:28:52 AM PDT · by tobyhill · 5 replies
    washington post ^ | 10/8/2012 | ap
    Mitt Romney’s administration on Day One would approve a pipeline that would run from Canada to U.S. refineries in Texas, creating thousands of jobs and pushing America on its way to energy independence, Republican vice presidential candidate Paul Ryan said Monday. Ryan told supporters during his third trip to swing state Ohio in the last two weeks that there are enough energy resources for North America to become energy independent within eight years. We need to unlock the energy we have in this country to create jobs,” he said. Ryan blamed President Barack Obama for standing in the way of...
  • GE, Chesapeake Offer 'CNG In A Box' For Gas Stations

    10/09/2012 3:47:23 AM PDT · by shove_it · 34 replies
    Yahoo via IBD ^ | 8 Oct 2012 | KEVIN HARLIN
    General Electric (GE) and natural gas supplier Chesapeake Energy (CHK) have partnered on a "CNG in a Box," an all-in-one package that allows convenience stores and gas stations to add a pump for compressed natural gas. CNG, a cleaner-burning fuel than gasoline or diesel, is about $1.50 cheaper than the equivalent amount of gas, thanks to huge domestic reserves. The fuel is being embraced by fleets — about 40% of trash trucks sold in the U.S. last year ran on natural gas. But very few consumer vehicles run on the cheap, plentiful fuel in part because of the higher costs...
  • With a few words, Romney causes a coal rally: Obama could put 77,000 megawatts out of commission

    10/08/2012 10:01:11 PM PDT · by 2ndDivisionVet · 12 replies
    The Charleston Daily Mail ^ | October 9, 2012 | Hoppy Kercheval
    "I like coal," Mitt Romney during the presidential debate. The beleaguered industry got a lift from the Republican presidential candidate, and it needed it. Romney's endorsement of coal as an essential ingredient to the country's energy portfolio caused company stocks to bump up. Arch Coal, Alpha Natural Resources, Consol, Peabody Energy and Walter Energy all saw increases of at least 4 percent the day after the debate. "It's amazing what 15 words about coal in a presidential debate can do for stocks," Michael Dudas of Sterne Agee told Reuters. "These stocks have been volatile, but you can't discount what a...
  • Climate change: EU rebrands green energy campaign

    10/08/2012 1:02:58 PM PDT · by NormsRevenge · 3 replies
    BBC News ^ | 10/8/12 | Roger Harrabin - Environment analyst
    The EU has launched a campaign aimed at showing how low-carbon solutions can improve quality of life. The European Commission believes that policies to cut greenhouse gases will only work if individuals share the vision of a low-carbon society. "It's perhaps been a bit too much doom and gloom in the past on climate," one official told the BBC at the launch in London. "We are now emphasising the need to inspire people." The EU-wide campaign runs until 2014. The campaign title "Worldulike" will doubtless raise eyebrows. The name is uncomfortably reminiscent of the British baked potato restaurant chain Spudulike....
  • Social engineering is working in California gas market

    10/08/2012 6:56:53 AM PDT · by SeekAndFind · 14 replies
    American Thinker ^ | 10/08/2012 | Thomas Lifson
    One of the great priorities of the left is to get Americans out of their cars and onto public transportation. When the masses no longer have access to cars, it clears the streets for the limos of the nomenklatura, just as it did in the old USSR, and still does in North Korea. The best way to accomplish this goal is to push up gasoline prices. Energy Secretary Steven Chu famously hoped that energy prices would double, and President Obama also admitted to wanting energy prices to rise, just not too quickly, lest the frog catch on the water is...
  • Had Enough of Broken Promises?

    10/08/2012 5:57:26 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 8, 2012 | Terry Paulson
    After watching the first debate, I refuse to believe that American voters will choose an encore for Obama's version of "hope and change." Regardless of his new campaign promises, Romney reminded us of Obama's failed trickle-down-government and his string of broken promises. Here are ten reasons that it's time for a change in Washington. 1. He said, "I am pledging to cut the deficit we inherited by half by the end of my first term in office." Instead the deficit has increased by over $5.3 trillion and keeps on growing! 2. He said, "Transparency and the rule of law will...
  • 40 Good Reasons to Elect Mitt Romney

    10/07/2012 8:14:03 PM PDT · by 2ndDivisionVet · 16 replies
    Gulf Coast Commentary ^ | October 7, 2012 | Doug
    In a previous blog, I wrote about 36 good reasons to defeat Obama in this election. Now is my chance to write 40 good reasons to elect Mitt Romney (now that we've seen the first debate). Yes, I see where Mitt is adjusting some of his positions, but I'm seeing more of what I want to see. See for yourself: 1. Romney is someone who has started a business, a business that specializes in business turnarounds. It's just what America needs. We need a turnaround specialist. 2. He is a typical Mormon: squeaky clean, doesn't drink alcohol, industrious, and salt-of-the-earth....
  • Gov. Brown launches effort to push gas prices down

    10/07/2012 4:38:01 PM PDT · by umgud · 54 replies
    Bakersfield Californian/AP ^ | Sunday, Oct 07 2012 03:29 PM | Christopher Weber
    Gov. Jerry Brown ordered state smog regulators Sunday to allow winter-blend gasoline to be sold in California earlier than usual to help drive prices down. Winter-blend gas typically isn’t sold until after October 31. Few refineries outside the state are currently making summer-blend gas, putting the pressure on already-taxed California manufacturers. In some locations, fuming motorists paid $5 or more per gallon while station owners had to shut down pumps in others.
  • EPA Celebrates ‘Children Health Month,’ Recruiting Students for ‘Energy Patrols’ at School

    10/07/2012 3:00:33 PM PDT · by 2ndDivisionVet · 8 replies
    CNS News ^ | October 5, 2012 | Penny Starr
    The Environmental Protection Agency (EPA) is celebrating Children’s Health Month this October by providing information and health tips on its website, including the importance of energy efficiency in schools. On the website page is a link to a 26-page EPA report entitled, “Sensible Steps to Healthier School Environment.” In the report’s chapter on Energy Efficiency, the EPA presents a box with items to help establish “Energy Efficiency Opportunities for Schools.” One of the items in the box reads, “Educate students and staff about how their behaviors affect energy use. Some schools have created student energy patrols to monitor and inform...
  • Nearly 1,000 gallons stolen from Calif gas station

    10/07/2012 2:33:34 AM PDT · by Cincinatus' Wife · 48 replies
    San Francisco Chronicle ^ | October 7, 2012 | AP
    ......security cameras caught them returning the next night and taking another 300 gallons of gas, some of it going to a tank in the truck's bed. He said they came back again during store hours and siphoned 300 more gallons, but a cashier recognized the suspicious vehicle and took down its license plate. Sandhu estimates the stolen gas was worth $4500. The price of gasoline hit an all-time average high in California of $4.61 a gallon Saturday.
  • Scientists Identify Massive Geothermal Hotspot In Utah

    10/06/2012 10:26:12 AM PDT · by blam · 27 replies
    Consumer Energy Report ^ | 10-3-2012 | CER
    Scientists Identify Massive Geothermal Hotspot In UtahConsumer Energy ReportOctober 3,2012 Following two full years of study, scientists have confirmed that they have identified a huge geothermal hotspot in Utah, presenting the possibilities of exploitation of the find for cheap energy production purposes. The area in question, covering an area of about 100 square miles, lies in Utah’s Black Rock Desert basin, south of Delta. During the two-year study, researchers drilled nine deep wells in the basin in an effort to confirm that water at very high temperatures was close enough to the surface to be manipulated, potentially allowing it to...